Mutual Of Correlations

MAMVX Fund

16.32 0.35 2.19%

The current 90-days correlation between Mutual Of America and Nuveen Nwq Large Cap is 0.62 (i.e., Poor diversification). The correlation of Mutual Of is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Mutual Of Correlation With Market

Poor diversification

The correlation between Mutual Of America and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mutual Of America and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mutual Of America. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Mutual Mutual Fund

0.89	MAAKX	Mutual Of America	Pair Corr
0.86	MACCX	Mutual Of America	Pair Corr
0.7	MACHX	Mutual Of America	Pair Corr
0.87	MAEIX	Mutual Of America	Pair Corr
0.93	MAGKX	Mutual Of America	Pair Corr
0.65	MAMOX	Mutual Of America	Pair Corr
0.92	MASOX	Mutual Of America	Pair Corr
0.81	MURJX	Mutual Of America	Pair Corr
0.68	MURIX	Mutual Of America	Pair Corr
0.61	MURHX	Mutual Of America	Pair Corr
0.75	MURNX	Mutual Of America	Pair Corr
0.72	MURMX	Mutual Of America	Pair Corr
0.82	MURLX	Mutual Of America	Pair Corr
0.75	MURQX	Mutual Of America	Pair Corr
0.85	MURPX	Mutual Of America	Pair Corr
0.75	MUROX	Mutual Of America	Pair Corr
0.86	FLPKX	Fidelity Low Priced	Pair Corr
0.86	FLPSX	Fidelity Low Priced	Pair Corr
0.84	VMVAX	Vanguard Mid Cap	Pair Corr
0.72	JVMAX	John Hancock Disciplined	Pair Corr
0.73	JVMIX	John Hancock Disciplined	Pair Corr
0.84	VMVIX	Vanguard Mid Cap	Pair Corr
0.83	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.85	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.84	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.85	JMVYX	Jpmorgan Mid Cap	Pair Corr

Moving against Mutual Mutual Fund

0.38	MAMBX	Mutual Of America	Pair Corr
0.33	MAIFX	Mutual Of America	Pair Corr
0.56	STBCX	Invesco Short Term	Pair Corr
0.4	JFESX	Jpmorgan Intrepid	Pair Corr
0.33	OEMIX	Ophmr Eml Dbt	Pair Corr

Related Correlations Analysis

	NQCRX	SBQAX	TRCPX	CMIFX	FCLKX	PAFDX	VAAGX
NQCRX		0.46	0.97	0.22	0.86	0.93	0.9	NQCRX
SBQAX	0.46		0.3	-0.68	0.81	0.15	0.67	SBQAX
TRCPX	0.97	0.3		0.38	0.75	0.97	0.85	TRCPX
CMIFX	0.22	-0.68	0.38		-0.27	0.54	-0.06	CMIFX
FCLKX	0.86	0.81	0.75	-0.27		0.63	0.89	FCLKX
PAFDX	0.93	0.15	0.97	0.54	0.63		0.76	PAFDX
VAAGX	0.9	0.67	0.85	-0.06	0.89	0.76		VAAGX
	NQCRX	SBQAX	TRCPX	CMIFX	FCLKX	PAFDX	VAAGX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TRCPX	+ 0.97	NQCRX
PAFDX	+ 0.97	TRCPX
PAFDX	+ 0.93	NQCRX
VAAGX	+ 0.9	NQCRX
VAAGX	+ 0.89	FCLKX
FCLKX	+ 0.86	NQCRX

High negative correlations

CMIFX	- 0.68	SBQAX
FCLKX	- 0.27	CMIFX
VAAGX	- 0.06	CMIFX

Risk-Adjusted Indicators

There is a big difference between Mutual Mutual Fund performing well and Mutual Of Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Mutual Of's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NQCRX	0.70	0.05	0.00	(0.04)	0.00	0.00	1.42	(1.62)	4.12
SBQAX	0.93	(0.10)	0.00	(0.24)	0.00	0.00	1.23	(1.91)	7.88
TRCPX	0.65	0.03	0.00	(0.06)	0.00	0.00	1.14	(1.53)	3.55
CMIFX	0.07	0.01	0.80	0.84	0.00	(0.12)	0.10	(0.10)	0.41
FCLKX	0.84	(0.01)	0.00	(0.12)	0.00	0.00	1.17	(2.15)	5.00
PAFDX	0.62	0.07	0.14	0.01	0.82	(0.63)	1.18	(1.15)	3.38
VAAGX	0.70	(0.05)	0.00	(0.18)	0.00	0.00	1.14	(1.63)	3.33

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